Jun. 21, 2018
Jun 21, 2018 Securities and Exchange Commission To the and Exchange Commission, In 1929, there were no regulations on banks and investment houses and we experienced the Great Depression. In the 1930s, Congress passed laws restricting what those entities could do legally. By 2007, the regulations had been watered down and we experienced the Great Recession. Then, Congress passed the Dodd-Frank Act to protect the country from reckless speculation and to add an agency to protect consumers. Now, Congress and the Administration have again weakened the regulations on banks and investment houses and the Administration is doing all it can to destroy the Consumer Protection Agency. I'm counting on you to Congress making any further weakening of bank regulation and to make stronger rules that prevent brokers from taking advantage of older Americans. Americans who've worked hard to save for retirement deserve peace of mind about their financial security. Sincerely, Mr. David Cazalet